Federal Reserve Bank of New York

Money Moves

Publishes the quarterly household debt report

Americans held $1.29 trillion in credit card balances at the end of September, a record, the Federal Reserve Bank of New York reported on Nov. 10. Total household debt, including mortgages, auto loans and student loans, reached $19.1 trillion.

Updated Yesterday

Money Moves

President John Williams said there is 'no need for urgency' in changing monetary policy

Employers added 165,000 jobs in October, far more than forecast, and unemployment fell to 4.1%, the Labor Department said Nov. 6. The report suggests the labor market is holding up even as hiring has slowed from earlier in the year.

Updated Yesterday

Money Moves

As of September 2026: Holds reduced share of Dutch gold

For decades, European central banks stored gold in New York because it was safest there. The Dutch central bank just moved 86 tonnes of it out, citing 'increasing geopolitical unrest.'

Updated Sep 6

Rule Changes

As of May 2026: Implements the new regime of full‑allotment repos and expanded T‑bill purchases.

In a single year the Fed has gone from peak post‑Covid rates to a clear easing cycle. December's third 2025 rate cut pushes the federal funds range down to 3.5–3.75% and flips the switch on a new operating regime built around full‑allotment repos and steady Treasury bill buying.

Updated May 10